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China Southern Airlines Posts 10.4% Profit Decline on Forex Losses

Aug 31, 2016 11:34 AM EDT

In the first six months of this year, China Southern Airline's sales dropped by a significant 10.4 percent from 3.48 billion yuan ($520.9 million) a year earlier to 3.11 billion yuan ($467 million) as China suffers from foreign exchange losses.

China plans to build more than 500 airports by 2020.

China to Build 500 New Airports, Boost Aviation Industry to $153B by 2020

Charissa Echavez |

May 19, 2016 05:45 AM EDT

China is planning to build over 500 new airports by 2020 as part of the latest plan to boost the country's general aviation industry to 1 trillion yuan ($153 billion), according to new guidelines released on Tuesday.

China luring foreign pilots, particularly Korean pilots, with swelling paychecks.

China Seduces International Pilots With Higher Pay

Charissa Echavez |

May 09, 2016 12:14 PM EDT

China is seducing international commercial pilots with swelling paychecks to fill-up the shortage of local pilots in the country.

China Eastern Airlines to purchase 35 new aircraft from Boeing and Airbus.

China Eastern Airlines to Purchase 35 New Aircraft from Airbus, Boeing

Charissa Echavez |

Apr 29, 2016 07:13 AM EDT

China Eastern Airlines will divide its $10 billion worth of orders between Europe's Airbus and US' Boeing as the Asian airline dispatches old units and adds new long-haul flights, Bloomberg reported.

China will see a soaring demand of around 2,300 business jets in the next five years, according to a research report.

China to See High Demand for Business Jets Over the Next 5 Years: Report

Charissa Echavez |

Apr 23, 2016 06:44 AM EDT

China will see a soaring demand of around 2,300 business jets in the next five years, pushing the industry's worth up to $103.5 billion, according to the joint report released by Minsheng Financial Leasing and Hurun Research Institute.

Despite the booming industry of drone, analysts are predicting it will soon suffer crisis

China's Booming Drone Industry Might Soon Face Crisis, Experts Claim

Charissa Echavez |

Jan 27, 2016 05:46 AM EST

Despite the boom that the drone industry seems to be enjoying at the moment, drone makers in China may soon face a market crisis, according to analysts.

Beijing announced its plan to build world's largest airport

China Set to Build World's Biggest International Airport

Charissa Echavez |

Nov 21, 2015 11:08 PM EST

Beijing is set to build the world's largest international airport for $13.1 billion, and it will cater to 100 million passengers.

Made in China C919 Aircraft to Compete with Airbus, Boeing

Charissa Echavez |

Nov 04, 2015 07:11 AM EST

After so many years, the Commercial Aircraft Corporation (Comac) has unveiled China's contingent to famous airplanes manufactured by the likes of Airbus Group and Boeing Co. The new commercial-based jetliner C919 was towed out for its first public appearance during a press conference in Shanghai on Monday.